World Economic Forum says Blockchain can help the environment

A new study by the World Economic Forum has identified more than 65 ways how Blockchain technology can be used to address some of the most pressing environmental challenges facing the planet.

The study, conducted in partnership with PwC, examines how new international platforms could "incubate Blockchain's responsible ecosystems," according to a press release.

These networks can range from the decentralization of the management of natural resources, such as energy and water, to the creation of value chains that help to promote greater sustainability. Technology can also provide new financing mechanisms to raise the vast sums of money that are expected to be needed to generate "low carbon and sustainable" economic growth.

This study divides the areas that Blockchain technology could positively impact on six sections: climate change, biodiversity and conservation, oceans, water safety, clean air, climate and disaster resilience - each subdivided into more precise areas.

The report argues that such opportunities are being largely ignored by developers, investors and governments, but represent an opportunity to "unlock and monetize the value that is currently embedded in environmental systems."